The Market Price. of Crude Oil shall be established: (a) taking into consideration the evolution of the international market; and (b) if the Crude Oil used to calculate the Market Price ceases to be quoted, the Ministry and the Contractor shall agree on the Crude Oil which most closely approximates to the Crude Oil the quotation of which has ceased for the purposes of calculating the Market Price.
Appears in 4 contracts
Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract
